Skip to main content

About your Search

20121002
20121010
STATION
LANGUAGE
Search Results 0 to 1 of about 2
CNBC
Oct 10, 2012 4:00pm EDT
four years under the obama administration, and i've watched my company be cut in half. today we're very profitable, and i don't want to go through another four years under the obama administration where i have to downsize again. >> you cut the company in half as a result of tax policy? is that what happened? >> no, it had nothing to do with tax policy. it had to do with the tightening of the banks. tightening of money. when they gave t.a.r.p. money to the banks, they should have told them to loan it out. instead, the banks kept the money, bought back their own bonds and stock. they made their own balance sheets very good. they didn't spread the money around to businesses that were starving for financing. as a result, we had to cut our company in half. we had to lay off 7,000 employees and be very lean and mean to survive. well, it was a very unpleasant experience, and i don't feel like going through it again, but this was before obamacare, before increasing my taxes. i can see the future. >> it sounds like you're dealing with the results of a country that was overleveraged. there's
CNBC
Oct 3, 2012 4:00pm EDT
that have been put throughout by the obama administration that are having a chilling effect on energy production in the united states. those three things alone would send signals to the marketplace. we're serious about our energy policy. even though congress doesn't act, the administration, the president could take those steps and it would send a clear signal, put a lot more people to work. >> so what should the policy look like? what, in your view, would be the most important, you know, event that the administration can do to help the country's energy situation? >> i think the first thing is it needs to be a policy driven by job creation. in the oil and the gas business, since this recession started in 2007, 2008, we've created close to 400,000 jobs when the economy has lost 6 million. so we need to focus on job creation potential. the second thing we shouldn't overlook is the amount of revenue that the industry generates as they create these jobs. we contribute over $86 million a day to the federal government. that's a lot of revenue that could help with deficit, deficit redu
Search Results 0 to 1 of about 2